OID Amount Sample Clauses
The OID Amount clause defines the portion of a financial instrument's principal that is considered Original Issue Discount (OID), which is the difference between the instrument's stated principal and its issue price. In practice, this clause specifies how much of the total amount is treated as OID for tax and accounting purposes, often relevant in bond or note issuances where the security is sold at a discount to its face value. By clearly identifying the OID Amount, the clause ensures accurate calculation of interest income and compliance with tax regulations, thereby preventing disputes over the recognition and reporting of income.
OID Amount. The Incremental Loans will be funded net of an original issue discount in an amount equal to 1.21% of the aggregate principal amount of the Incremental Loans. For the avoidance of doubt, the full amount of the Incremental Loans (without taking into account any netting of the OID Amount occurring on the Effective Date) shall be repaid under the Credit Agreement (including, without limitation, in accordance with Sections 2.3 and 2.4 of the Credit Agreement) and interest shall be payable on the full amount of the Incremental Loans (without taking into account any netting of the OID Amount occurring on the Effective Date) in accordance with Section 2.5 of the Credit Agreement.
OID Amount. The Incremental Loans will be funded net of an original issue discount in an amount equal to 1.00% of the aggregate principal amount of the Incremental Loans. For the avoidance of doubt, the full amount of the Incremental Loans (without taking into account any netting of the OID Amount occurring on the Amendment No. 2 Effective Date) shall be repaid under the Credit Agreement (including, without limitation, in accordance with Sections 2.3 and 2.4 of the Credit Agreement) and interest shall be payable on the full amount of the Incremental Loans (without taking into account any netting of the OID Amount occurring on the Amendment No. 2 Effective Date) in accordance with Section 2.5 of the Credit Agreement.
OID Amount. The parties hereto intend to treat the OID Amount as original issue discount for U.S. federal and state income tax purposes to the extent permissible under applicable law. 6.